Bitcoin, trading around $90,893 after recently surpassing $93,000, may still have significant growth ahead. The Network Value to Transaction (NVT) Golden Cross metric currently reads -3.25, suggesting that Bitcoin is undervalued and poised for further appreciation. Historically, such low readings have preceded substantial price increases, indicating that Bitcoin could climb toward $100,000 or more in the coming months.

Crypto analyst Crypto Kaleo shares this optimism, stating:

“I think Bitcoin surprises everyone when it crosses $100K, shoots straight past it, and doesn’t look back. It’ll bring retail FOMO back in full force when it happens.”

Supporting this bullish outlook, Glassnode data shows Bitcoin trading above the realized price for both short-term and long-term holders, a sign of strong market support. Additionally, a bull flag pattern on the three-day chart indicates a potential rally toward $104,228 if buying pressure continues.

In summary, multiple indicators suggest that Bitcoin’s rally may be far from over, and new all-time highs could be on the horizon before the year’s end.